ADMINISTRATIVE PLAN - San Antonio Housing Authority

PHA PolicyThe PHA’s housing assistance payment will be paid directly to the lender unless themortgage company refuses to accept payments from more than one source. In such case, thePHA’s housing assistance payment will be paid directly to the family. If the assistancepayment exceeds the amount due to the lender, the PHA must pay the excess directly to thefamily.The PHA will allow the following homeownership expenses:Monthly homeownership payment. This includes principal and interest on initial mortgagedebt, taxes and insurance, and any mortgage insurance premium, if applicable.Utility Allowance. The PHA’s utility allowance for the unit, based on the current HCVutility allowance schedule.Monthly maintenance allowance. The monthly maintenance allowance will be the annualmaintenance allowance, divided by twelve. The annual maintenance allowance will be set ata flat rate, currently $75.Monthly major repair/replacement allowance. The monthly major repair/replacementallowance will be the annual major repair/replacement allowance divided by twelve. Theannual major repair/replacement allowance will be set at a flat rate, currently $150.Monthly co-op/condominium assessments. If applicable, the monthly amount of co-op orcondominium association operation and maintenance assessments.Monthly principal and interest on debt for improvements. Principal and interest formajor home repair, replacements, or improvements, if applicable.15-VII.L. PORTABILITY [24 CFR 982.636, 982.637, 982.353(b) and (c), 982.552, 982.553]Subject to the restrictions on portability included in HUD regulations and PHA policies, a familymay exercise portability if the receiving PHA is administering a voucher homeownershipprogram and accepting new homeownership families. The receiving PHA may absorb the familyinto its voucher program, or bill the initial PHA.The family must attend the briefing and counseling sessions required by the receiving PHA. Thereceiving PHA will determine whether the financing for, and the physical condition of the unit,are acceptable. The receiving PHA must promptly notify the initial PHA if the family haspurchased an eligible unit under the program, or if the family is unable to purchase a homewithin the maximum time established by the PHA.© Copyright 2008 Nan McKay & Associates, Inc. Page 15-23Revised/Approved 04/08/10 (Eff: 07/01/10)Unlimited copies may be made for internal use.